Medicare Advantage Value-Based Insurance Design Model - CY2020 Design Application Cycle Webinar TODAY at 4 p.m. EST

Medicare Advantage Value-Based Insurance Design Model - CY2020 Design Application Cycle Webinar TODAY at 4 p.m. EST The Center for Medicare & Medicaid Innovation (CMS Innovation Center) is hosting a webinar TODAY, January 25, 2019 at 4 p.m. EST, which will provide a basic overview of the Value-Based Insurance Design (VBID) Model. During the webinar, CMS subject matter experts will provide information about the wide-ranging enhancements to the VBID model, which will test a new series of service delivery approaches for Medicare Advantage plan beneficiaries for the 2020 plan year, including: Allowing plans to provide reduced cost sharing and additional benefits to enrollees in a more targeted fashion than has previously been allowed, including customization based on chronic condition, socioeconomic status, or both, and even for benefits not primarily related to health care, such as transportation; Bolstering the rewards and incentives programs that plans can offer beneficiaries to take steps to improve their health, permitting plans to offer higher value individual rewards than were previously allowed; and Increasing access to telehealth services by allowing plans to use access to telehealth services instead of in-person visits, as long as an in-person option remains, to meet a range of network requirements, including certain requirements that could not previously be fulfilled through telehealth. Beginning in the 2021 plan year, the VBID model will also test allowing Medicare Advantage plans to offer Medicare’s hospice benefit. This change is designed to increase access to hospice services and facilitate better coordination between patients’ hospice providers and their other clinicians. Plans participating in the VBID program will be offered along with traditional Medicare Advantage plans. CMS will monitor whether plans that take up these more tailored coverage options are able to reduce costs and increase quality. Register for today's webinar here: https://engage.vevent.com/index.jsp?eid=5779&seid=1263

Centers for Medicare & Medicaid Services (CMS) has sent this Center for Medicare and Medicaid Innovation (CMMI) Update. To contact Centers for Medicare & Medicaid Services (CMS) go to our contact us page.